WIL to be wound up

Despite opposition from the Ministry of Railways, the Indian government has approved the closure of Wagon India Ltd (WIL), a joint sector company representing 12 state-owned and private wagon manufacturers...

Set up in 1974, the main function of WIL, which is controlled by the Ministry of Heavy Industries, was to distribute government-run Indian Railways (IR)s' wagon orders to its members. Private sector wagon builders have long argued that WIL is effectively a cartel and should be dismantled......